Wage Bargaining and Unemployment Persistence
This paper looks at models of unemployment which make two central assumptions. The first is that wages are bargained between firms and employed workers, and that unemployment affects the outcome only to the extent that it affects the labor market prospects of either employed workers or of firms. The second is that the duration of unemployment affects either the search behavior or the skills of the unemployed, and/or the perceptions of firms of such skills. It argues that such models may explain not only the evolution of European unemployment over the last two decades--an evolution which triggered their development--but many of the cyclical features of labor markets in general. Copyright 1991 by Ohio State University Press.
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Volume (Year): 23 (1991)
Issue (Month): 3 (August)
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References listed on IDEAS
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- Olivier Jean Blanchard & Peter Diamond, 1994.
"Ranking, Unemployment Duration, and Wages,"
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- Blanchard, O.J. & Diamond, P., 1990. "Ranking, Unemployment Duration, And Wages," Working papers 546, Massachusetts Institute of Technology (MIT), Department of Economics.
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538, Massachusetts Institute of Technology (MIT), Department of Economics.
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- Nickell, Stephen J, 1990. "Unemployment: A Survey," Economic Journal, Royal Economic Society, vol. 100(401), pages 391-439, June.
- Louis N. Christofides & Andrew J. Oswald, 1992.
"Real Wage Determination and Rent-Sharing in Collective Bargaining Agreements,"
The Quarterly Journal of Economics,
Oxford University Press, vol. 107(3), pages 985-1002.
- L Christofides & A Oswald, 1991. "Real Wage Determination and Rent-Sharing in Collective Bargaining Agreements," CEP Discussion Papers dp0042, Centre for Economic Performance, LSE.
- Summers, Lawrence H. & Dickens, William T. & Katz, Lawrence F. & Lang, Kevin, 1989.
"Employee Crime and the Monitoring Puzzle,"
3645199, Harvard University Department of Economics.
- repec:fth:harver:1515 is not listed on IDEAS
- Jackman, Richard & Layard, Richard, 1991. "Does Long-term Unemployment Reduce a Person's Chance of a Job? A Time-Series Test," Economica, London School of Economics and Political Science, vol. 58(229), pages 93-106, February.
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